Read more about Oil and Gas stocks edge higher on Business Standard. Oil and Gas stocks were trading in green, with the S&P BSE Oil&Gas index increasing 119.76 points or 0.81% at 14970.9 at 09:48 IST.
Read more about Energy stocks jump on Business Standard. Energy stocks were trading in green, with the S&P BSE Energy index increasing 86.02 points or 1.42% at 6134.23 at 09:48 IST.
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Highlights
Rates depend on the incidence of VAT.
Taxes make up for nearly two-third of the retail selling price.
New Delhi: Petrol and diesel prices were both hiked by 35 paise per litre on Thursday after rates were kept unchanged for the seven straight days.
Petrol price in Delhi is at Rs 86.65 per litre, and diesel is at Rs 76.83 per litre while in Mumbai, petrol prices are at Rs 92.86 per litre and diesel prices are at Rs 83.30 per litre.
Fuel prices hit new record highs in the National Capital last Wednesday (January 28) after oil marketing hiked rates further. State-owned oil marketing companies hiked petrol prices in Delhi by 25 paise to 86.30 per litre from Rs 86.05 per litre while diesel prices too were hiked by 25 paise to Rs 76.48 per litre from Rs 76.23 per litre. In Mumbai, diesel prices were hiked to Rs 92.86 per litre, thus witnessing new record high and petrol prices stood at Rs 83.30 per litre on Wednesday.
State-owned fuel retailers Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.